UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: March 9, 2007 --------------------------------- (Date of earliest event reported) AMERICAN TECHNICAL CERAMICS CORP. ------------------------------------------------------ (Exact Name of Registrant as Specified in its Charter) DELAWARE 1-9125 11-2113382 ---------------------------- ----------- ------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) ONE NORDEN LANE, HUNTINGTON STATION, NY 11746 --------------------------------------------- (Address of Principal Executive Offices) (631) 622-4700 ---------------------------------------------------- (Registrant's telephone number, including area code) NOT APPLICABLE ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2 (b)) [ ] Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4 (c)) ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On March 9, 2007, American Technical Ceramics Corp. (the "Company") was notified that, effective February 16, 2007, General Electric Capital Corporation ("GE Capital") approved the renewal of the Company's existing $6,000,000 line of credit. The line of credit will expire on August 16, 2007, subject to renewal for an additional six months upon a satisfactory review by GE Capital of the Company's updated financial information. ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT. See Item 1.01 "Entry into a Material Definitive Agreement" above. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERICAN TECHNICAL CERAMICS CORP. --------------------------------- (Registrant) /S/ ANDREW R. PERZ ------------------ Date: March 14, 2007 Andrew R. Perz Vice President - Finance (Principal Financial Officer)